Borrower requested a $1,500,000 loan to purchase a quadruplex in Treasure Island, Fl. The borrower paid $2,500,000 for the property that features 4 total units that each feature 1 bed and 1 bath at 510 sq/ft. The units are within walking distance to the beach and the borrower plans to lease these as long term rentals.
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
